14/08/2014 12:55 BST | Updated 22/05/2015 06:12 BST

Schoolgirl 'Madam: Teenager Charged With Recruiting Friends To Have Sex With 62-Year-Old

Teenage 'madam' charged after prostituting out her friends

A teenager has been accused of recruiting her friends to have sex with a 62-year-old man for money.

Chelsey Elizabeth Taylor, 17, reportedly drove her classmates to the home of wealthy businessman Michael Wayne McIntosh and then took a cut of the cash he paid them for sex.

McIntosh has been charged with three counts of sexual assault on a child and Taylor has been charged with 'compelling prostitution'.

Police say Taylor pushed her 'easily manipulated' friends into prostitution with the man they referred to as 'Money Mike'.

The businessman reportedly gave the girls over $3,600.

The Mail reports that Taylor brought the younger girls to have sex with him because 'she hated him and believed the girls would take one for the team'.

She allegedly took teens as young as 14 to McIntosh's home, with one neighbour telling ABC news they were 'young, real skinny girls' and 'different girls all the time'.

After being charged with compelling prostitution, Taylor was freed on a $40,000 bond.

Police have so far identified eight of her victims, but say there are potentially more who are still to come forward.